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Filing Details

Accession Number:: 0001179110-11-004468
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-03-07 18:19:28
Reporting Period:: 2011-03-03

Filing Date:: 2011-03-07
Accepted Time:: 2011-03-07 18:19:28
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1235468	Liquidity Services Inc	LQDT	Services-Business Services, Nec (7389)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1352618	Iii P William Angrick	C/O Liquidity Services, Inc. 1920 L Street, N.w., 6Th Floor Washington DC 20036	Chairman Of The Board And Ceo	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2011-03-03	10,000	$15.72	5,004,396	No	4	S	Indirect	By the William P. Angrick III Revocable Trust
Common Stock	Disposition	2011-03-04	10,000	$15.50	4,994,396	No	4	S	Indirect	By the William P. Angrick III Revocable Trust
Common Stock	Disposition	2011-03-07	10,000	$15.60	4,984,396	No	4	S	Indirect	By the William P. Angrick III Revocable Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By the William P. Angrick III Revocable Trust
No	4	S	Indirect	By the William P. Angrick III Revocable Trust
No	4	S	Indirect	By the William P. Angrick III Revocable Trust

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	114,106	Direct
Common Stock	873,379	Indirect	By the William P. Angrick III 2005 Irrevocable Trust
Common Stock	314,468	Indirect	By the Stephanie S. Angrick Revocable Trust
Common Stock	289,377	Indirect	By the Stephanie S. Angrick 2005 Irrevocable Trust
Common Stock	99,367	Indirect	By the Stephanie S. Angrick 2005 Qualified Grantor Retained Annuity Trust

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Employee Stock Grant	$17.02	2020-10-01	43,776	43,776	Direct
Common Stock	Employee Stock Option	$17.02	2020-10-01	29,625	29,625	Direct
Common Stock	Employee Stock Grant	$17.02	2020-10-01	20,000	20,000	Direct
Common Stock	Employee Stock Grant	$9.96	2019-10-01	26,334	26,334	Direct
Common Stock	Employee Stock Option	$9.96	2019-10-01	75,343	75,343	Direct
Common Stock	Employee Stock Option	$8.23	2018-10-01	66,667	66,667	Direct
Common Stock	Employee Stock Option	$12.02	2017-10-01	84,000	84,000	Direct
Common Stock	Employee Stock Option	$17.63	2016-09-21	100,000	100,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2020-10-01	43,776	43,776	Direct
2020-10-01	29,625	29,625	Direct
2020-10-01	20,000	20,000	Direct
2019-10-01	26,334	26,334	Direct
2019-10-01	75,343	75,343	Direct
2018-10-01	66,667	66,667	Direct
2017-10-01	84,000	84,000	Direct
2016-09-21	100,000	100,000	Direct

Footnotes

The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 22, 2010.
These shares are held in a trust for the benefit of the reporting person. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
These shares are held in a trust for the benefit of the reporting person's spouse, who is also trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
Twenty-five percent of this restricted stock grant will vest on October 1, 2011 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
Twenty-five percent of this option grant will vest on October 1, 2011 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
Twenty-five percent of this restricted stock grant vested on October 1, 2010 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
Twenty-five percent of this option grant vested on October 1, 2010 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
Twenty-five percent of this option grant vested on October 1, 2009 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
Twenty-five percent of this option grant vested on October 1, 2008 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
These options became fully vested on September 21, 2010.